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EU likely to waive borrowing limits again in 2022


3 Min Read
BRUSSELS, Feb 26 (Reuters) - The European Union is likely to waive limits on government borrowing again in 2022, given persistent uncertainties about the pace of economic recovery once the coronavirus pandemic is contained, officials say.
The European Commission will set the criteria on March 3 for a recommendation later in the year on whether the bloc’s fiscal rules should be reinstated in 2022 or stay suspended.
Both options remain possible. But European Economic Commissioner Paolo Gentiloni told a European Fiscal Board conference on Friday that, in terms of fiscal support under current conditions, “the risks of doing too little outweigh the risks of doing too much.” ....

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Euro zone eyes March-May decisions on post-COVID econ support tapering


4 Min Read
BRUSSELS (Reuters) - The euro zone is likely to decide between March and May when and how governments would start tapering support to their economies as vaccination campaigns allow the lifting of pandemic lockdowns and economic activity picks up, top euro zone officials said on Monday.
FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman/File Photo/File Photo
Finance ministers of the 19 countries sharing the euro discussed the European Commission’s forecasts showing the euro zone would rebound less than expected this year, and they decided to keep all measures intact for now. ....

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